To ensure compliance, foreign businesses need to be aware of the new transfer pricing regulations. In this article, we outline the key points of Vietnam’s transfer pricing policy, compliance issues, and tax obligations vital for foreign firms operating or planning to invest in Vietnam.
Vietnam has issued new conditions for establishing foreign-invested vocational training institutions. Read more to know about the requirements which include establishment size, investment capital, training curriculum, opening representative offices (ROs) and branches.
With investor-friendly policies and immense potential, investors are taking note of the country’s focus on renewables energy. Read more to understand the current scenario, future potential, and what more needs to be done for quicker adoption and development of the sector.
Ba Ria – Vung Tau is one of the major economies and investment destinations in the country. The region serves as a major industrial hub and trade gateway due to its numerous industrial parks, deep-water seaport, and numerous foreign-invested manufacturing companies. Read more to know about its economic growth, foreign investments, infrastructure, and priority sectors.
The government has announced new incentives such as corporate tax cuts and exemptions, credit incentives, and exemptions or reductions in land and water surface lease fees for science and technology enterprises. Read more to know about government support and incentives which aims to promote scientific and technological research and development.
Vietnam’s ranking dropped by 10 places in the latest Corruptions Perceptions Index, despite its significant efforts in fighting corruption, as it needs to focus on a more comprehensive approach to tackle corruption. Read more to know about its index, regional comparison, and what more needs to be done.
Vietnam has issued new guidelines for the management of medical devices, which will impact foreign manufacturers and suppliers of medical equipment. Read more to know about the changes in classification, registration, and import regulations of medical devices.
Since January 1, 2019, enterprises in Vietnam need to self- inspect for compliance of the labor law. Read more to know about the scope of the inspection, employer obligations, and procedures to conduct the annual inspection.
Last year, investments in Vietnamese startups almost tripled compared to 2017, with domestic investment funds accounting for more than half of the total investments. Read more to know about the major deals, investments funds, and major sectors in the startup market.
With its rich heritage and diverse geography, Vietnam’s tourism industry continues to rank amongst the fastest-growing tourist destinations. However, much more needs to be done, if Vietnam wants to fully realize the potential of the tourism industry. Read more to know about the major destinations, industry revenue, international tourists, government policies, industry challenges, and growth forecast.